Zimam confirms depositing Saudi grant in the CBY

President al-Alimi praises adherence of Shoura Council, political parties to references of transitional stage

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) praised the nationalistic and responsible stances of the Shoura Council and the National Coalition of the Political Parties (NCPP) which affirmed their categorical rejection of any unilateral measures that weaken state institutions or undermine the existing partnership among national forces battling the Iranian regime backed Houthi terrorist militias.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

African Development Bank supports transport infrastructure in Somalia with $76 million

The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/15 Time 11:44:24
Latest News:

Yemen Participates in 19th Meeting of CEDARE Board of Trustees in Virtual Session

Foreign Minister meets with Austria's Special Envoy

Maj. General al-Zubaidi briefed on health services in government-held governorates

Minister al-Soqatri Discusses with World Food Program Support for Agricultural, Fisheries Sector Projects

Guterres: What Hadhramaut is witnessing is a dangerous development, Houthis' arrest of UN employees unacceptable

Zimam confirms depositing Saudi grant in the CBY

[03/10/2018 02:05]

ADEN-SABA
The Governor of the Central Bank of Yemen (CBY) Dr. Mohammad Zimam has confirmed that the Saudi grant directed by the Custodian of the two Holy Mosques King Salman Bin Abdul-Aziz, estimated at USD 200 million, has been deposited on Wednesday in the bank in Aden.

Zimam valued the brotherly support of Saudi officials led by King Salman and his Crown Prince Mohammad Bin Salman for their care of economy in our country and providing financial aid, which help alleviating severe economic conditions and reviving the Yemeni Rial.

" We always have been witnessing the Kingdom of Saudi Arabia standing by Yemen in different stages and conditions like quick rescue of deterioration of the Yemeni Rial," said Zimam, adding there are other measures the government and the Central Bank are taking to stop deterioration of the Rial and reviving the economic situation.

The Saudi new grant of USD 200 million is added to the USD one billion deposited in 2012 and to the two billion deposited early 2018, in addition to the oil monthly grant of USD 60 million, which their revenues go to the bank in Aden, said Governor of the CBY Zimam.

He confirmed that he will not allow playing with the currency, warning the private banks and money exchangers of doing anything harm the national economy and the exchange price.

Measures against the spoilers of national economy will face strict legal measures with the help of regional and international concerned bodies.

He pointed to the bank's current measures of improving humanitarian conditions via helping the commercial banks of increasing imports of basic goods to the people.